“Semtech’s LoRa Technology enables miners to remotely monitor conveyor
belts, therefore reducing maintenance costs and helping to prevent belt
failure,” said Jeff Brown, President and CEO at Transco Industries Inc.
“Previously, mine operations had to contract specialists to monitor
factors like belt idler temperature and typically, this could cost
hundreds of dollars per hour. With LoRa-based sensors, managers are able
to do this themselves in real-time without the risk of human error.”

According to market
research, the global conveyor belt industry is expected to reach a
value of US $6.4 billion in 2022 with smart belt technologies leading
this growth. Transco’s LoRa-enabled sensors were developed to flexibly
fit into existing mining infrastructure including conveyor belts. The
small and durable sensors connect to private networks based on the
LoRaWAN™ protocol allowing the continued relay of real-time data in the
extreme conditions found in a mine. A miles-long conveyor belt is
equipped with an end-to-end solution consisting of several sensors
embedded in the belt itself to measure stress and prevent potential
ripping. In the event of a belt rip, LoRa-enabled sensors transmit a
signal to the belt control, shutting the belt down immediately to halt
the hazardous and expensive rip from worsening. Mine operators can then
inspect the damage and decide how best to repair the system. Additional
sensors are placed on belt idlers to measure temperature of the idler
bearing as sensors report temperature data to allow mine operators to
monitor bearing status to prevent overheating and fires. Transco’s
LoRa-based conveyer belt application is used in collaboration with Polysense
Technologies Inc., an innovative leader in enterprise Internet of
Things (IoT) solutions for fiber and wireless sensing.

“Transco’s extensive experience with the mining industry, coupled with
LoRa Technology’s proven capabilities for IoT, make this a perfect match
for a smart mining solution,” said Rick Li, Founder and CEO of
Polysense. “For mining operations, conveyor belts often cost several
hundred dollars per foot to fix and failures can be hard to predict.
LoRa-enabled sensors providing real-time data can trigger a belt shut
off in the event of a rip. This saves mining operations millions of
dollars, and keeps miners safe.”

“Semtech’s LoRa Technology creates industrial IoT solutions that are
highly scalable by number of sensors and gateways to cover even the
largest work site or mine,” said Vivek Mohan, Director of IoT, Wireless
and Sensing Products at Semtech. “LoRa Technology’s easy to deploy,
flexible capabilities allow mine managers to leverage real-time data to
predict maintenance and increase operating efficiency.”

About Semtech’s LoRa® Devices and Wireless RF Technology

Semtech’s LoRa devices and wireless radio frequency technology is a
widely adopted long-range, low-power solution for IoT that gives telecom
companies, IoT application makers and system integrators the feature set
necessary to deploy low-cost, interoperable IoT networks, gateways,
sensors, module products, and IoT services worldwide. IoT networks based
on the LoRaWAN™ specification have been deployed in over 100 countries
and Semtech is a founding member of the LoRa Alliance™, the fastest
growing IoT Alliance for Low Power Wide Area Network applications. To
learn more about how LoRa enables IoT, visit Semtech’s LoRa
site and join the LoRa
Community to access free training as well as an online industry
catalog showcasing the products you need for building your ideal IoT
application.

About Transco Industries Inc.

Founded in 1961 as a mill service company in the Northwest, Transco has
since grown to become a leader in conveyor technology, component supply,
installation, maintenance and repair. Transco is also a steel
fabrication, water technologies and industrial design company. Transco’s
100,000 square foot AISC-Certified Portland, Oregon Manufacturing Center
includes complete fabrication, sandblasting and painting facilities.
Visit their site to learn more: http://www.transco-ind.com/.

Semtech Corporation is a leading supplier of high performance analog and
mixed-signal semiconductors and advanced algorithms for high-end
consumer, enterprise computing, communications, and industrial
equipment. Products are designed to benefit the engineering community as
well as the global community. The Company is dedicated to reducing the
impact it, and its products, have on the environment. Internal green
programs seek to reduce waste through material and manufacturing
control, use of green technology and designing for resource reduction.
Publicly traded since 1967, Semtech is listed on the Nasdaq Global
Select Market under the symbol SMTC. For more information, visit www.semtech.com.

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical
fact, including statements that use the words “expected to,” “developed
to,” “designed to,” or other similar words or expressions, that describe
Semtech Corporation’s or its management’s future plans, objectives or
goals are “forward-looking statements” and are made pursuant to the
Safe-Harbor provisions of the Private Securities Litigation Reform Act
of 1995, as amended. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause the
actual results of Semtech Corporation to be materially different from
the historical results and/or from any future results or outcomes
expressed or implied by such forward-looking statements. Such factors
are further addressed in Semtech Corporation’s annual and quarterly
reports, and in other documents or reports, filed with the Securities
and Exchange Commission (www.sec.gov)
including, without limitation, information under the captions
“Management’s Discussion and Analysis of Financial Condition and Results
of Operations” and “Risk Factors.” Semtech Corporation assumes no
obligation to update any forward-looking statements in order to reflect
events or circumstances that may arise after the date of this release,
except as required by law.

Semtech, the Semtech logo and LoRa are registered trademarks or service
marks, and LoRaWAN is a trademark or service mark, of Semtech
Corporation or its affiliates.